US Bank - Top Merchant Services

Our Verdict

U.S. Bank’s merchant service is similar to those offered by other banks but stands out with no long-term commitment or hidden fees. Businesses don’t need to sign up for multi-year plans. Also, there’s plenty of variety in terms of plans to suit different needs, including an essentially free mobile POS plan for single-person or small businesses. However, the features in that plan are pretty basic.

The processing rates are competitive with industry standards, and the POS systems meet the latest security requirements. It’s a viable and reasonably priced solution for budding enterprises with ease of scaling up as and when your business is read

Pros

No long contracts
Multiple plans, including a free one for mobile payments
Same-day funding
Surcharging and debit card optimizations

Cons

Limited features in talech plans
Payment processing fees can add up

Plans & Pricing

*Limited Time Promotion!

Earn up to $1,000 in statement credits over 3 months when you open a new U.S. Bank Payment Solutions account and complete qualifying activities. Member FDIC.

Offer:
– Open, and be approved for, a new U.S. Bank Payment Solutions Merchant Account (MID) by March 31, 2025.
– Keep the approved account in an open status and be actively accepting and settling card payments at thee time the statement credit is issued.
– Get merchant fees refunded up to $1,000 over three months

Terms & Services – Disclosure:
Promotional offer is available with establishment of a new payment processing account by new or existing U.S. Bank customers, not currently using Elavon as their merchant processing services provider. Offer may not be combined with any other Merchant Services promotions or incentives. To qualify you must:

Open, and be approved for, a new U.S. Bank Payment Solutions Merchant Account (MID) by March 31, 2025.
Keep the approved account in an open status and be actively accepting and settling card payments at the time the statement credit is issued.

The monthly statement credit will appear in the Fees/Charges Category of the merchant statement in the fourth month following account opening, not to exceed the $1,000 credit maximum. The promotional credits are based on total account fees and charges billed during the initial three (3) months following new account opening, excluding equipment, chargebacks, and adjustments for each respective month.

For example, a new merchant account opened and approved on January 14, 2025, will immediately begin qualifying for credits on eligible monthly account fees and charges billed. The cumulative credit for the three (3) months following approval will appear on the May 2025 merchant statement.

In addition to the $1,000 cap, the statement credit amount cannot exceed total eligible monthly fees and charges actually billed and collected. Such statement credit may be adjusted to solely offset the eligible monthly account statement fees and charges billed and collected. U.S. Bank and/or Elavon, a U.S. Bank subsidiary, reserve the right, in their sole discretion, to modify, suspend or terminate the promotion at any time. Restrictions may apply. Business Essentials merchant accounts are not eligible for this promotional offer.

U.S. Bank offers various plans as part of its merchant services. While some of the plans are basic and ideal for small businesses, others are full-service offerings with additional features that help businesses offer more payment-related capabilities to their customers.

Here are the plans:

talech Mobile: This basic mobile solution, powered by talech system, allows merchants to accept payments through their smartphones. Only payment processing fee applies. This makes it well-suited for small, mobile businesses such as food trucks and at-home pet groomers.
talech Terminal: This entry-level solution starts at $15 per month + payment processing fees. It comes with a handheld terminal for accepting card and contactless payments. This one is also good for small businesses.
Starter: This is an entry-level full service plan that starts at $29 per month + payment processing fees. The subscription fee doesn’t include the hardware cost. Business owners can choose the hardware and software that best works for them.
Standard: The Standard full service plan starts at $69 per month + payment processing fees. There’s a $29 fee for each additional software license and a one-time set up fee of $99.
Premium: The Premium plan starts at $99 monthly and a $99 one-time set up fee. Payment processing fee is separate. This plan includes additional perks like online ordering, loyalty program, and appointment booking.

Additionally, here are the processing fees for each payment type offered:

Swipe, Tap, Insert (Card) – 2.6% + 10¢
Manual – 3.5% + 15¢
Online – 2.9% + 30¢

talech Mobile

$0 /mo

+ Payment Processing Charges

talech Terminal

$15 /mo

+ Payment Processing Charges

Starter

$29 /mo

+ Payment Processing Charges

Standard

$69 /mo

+ Payment Processing Charges

Premium

$99 /mo

+ Payment Processing Charges

In-depth review

Features and Functionality

Comprehensive Point-of-Sale (POS) Solutions

U.S. Bank offers a wide range of POS solutions that go beyond basic payment processing. Whether you want a full terminal with scanners, card readers, and tablet, or simply a mobile app-based card processor, you can choose the solution that best meets your needs.

Everyday Funding

This feature allows U.S. Bank business checking customers to receive funding within hours of batch closure, even on weekends. This significantly improves cash flow, which is the lifeblood of many small businesses that have to pay invoices and salaries.

Integrated Financing Solutions (U.S. Bank Avvance™)

U.S. Bank provides integrated financing solutions that enable merchants to offer their customers flexible financing options. This can help companies increase sales by making purchases more accessible. Avvance™ can support lending for $300 to $25,000 worth of purchasing.

Payment Optimization

U.S. Bank focuses on optimizing payment processing to help businesses lower costs. This includes services like commercial and debit card optimization to secure the lowest applicable interchange rates, and also helping enterprises understand and use surcharging in a compliant way. Surcharging helps businesses pass the credit card processing fee to the customer in a transparent way.

Industry-Specific Solutions

U.S. Bank provides tailored merchant services for various industries, including healthcare, hospitality, and government. This allows businesses to access solutions that are specifically designed to meet their unique needs and challenges.

Hardware Requirements

U.S. Bank’s software can work with smartphones (should you go with mobile POS) and their own POS hardware. It offers customers several POS hardware options, including extras that are essential for processing purchases and receiving payments. However, the hardware is not part of the POS plan and must be paid for separately.

While the basic equipment is a mobile card reader, which can be used with a smartphone, there are other options as well. The POS hardware options include:

Mobile card reader
Card reader (all cards—insert, swipe, and contactless)
Handheld POS terminal
POS register

It also offers accessories to complement POS systems:

1D/2D barcode scanner
Cash register
Thermal receipt printer
Kitchen receipt printer (Splash-resistant, safe for culinary environments)

Integrations & Add-ons

U.S. Bank merchant services can seamlessly integrate with online payments. That means it can be made to work with the bank’s e-commerce payment solutions. These solutions also include invoicing, customer management, and order management. Through this integration, businesses can also accept payments on their website and receive the funds in their merchant account.

As for third-party integrations, U.S. Bank’s merchant services can be integrated with QuickBooks, Authorize.net, Xero, X-Cart, Homebase, and Fresh KDS.

Ease of Use

While U.S. Bank’s software has a clean design, it has a slight learning curve. They use talech POS software for their mobile and handheld terminal plans, which is a decent solution in terms of design and navigation. However, cashiers who are new to POS systems may need some training. Overall, the system is user-friendly and integrates well with e-commerce websites.

Customer Service

U.S. Bank provides merchant service customers with quick and reliable support. Most importantly, customers can speak with a live representative. Additionally, U.S. Bank provides a FAQ and blog section for their merchant service solutions

Phone Support

U.S. Bank provides round-the-clock support for merchants via phone

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Maab Saleem

Copywriter and editor, Maab Saleem has been writing for almost a decade now. Be it technical content about the most cumbersome of technological topics or just a few lines of copy explaining a newly launched product, Maab knows precisely how to connect words in the perfect manner. When he is not sharing his literary ingenuity with the rest of the world, he likes to watch, play and critique on football.

We make the best effort to present up-to-date information; however, the terms of each offer can be revised according to the service provider’s discretion. The above shall not be considered as an expert or professional advice for any matter.